RCR 0.00% 1.9¢ rincon resources limited

Hotfire from what Downer CEO was quoted as saying - basically...

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  1. 18,938 Posts.
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    Hotfire from what Downer CEO was quoted as saying - basically that solar is a bit of a low margin ‘no win’ market because so many people are in there bidding for the contracts - that particular arm of RCR may not be worth a lot .
    I am also concerned the business may be ‘headless’to some degree.
    But what about the rest of the ‘arms’ ?
    Although I recognise I could have ‘played it a great deal better’ and even been in front by now , I sold half my shares on the first day at $1.26 or something then bought a few back close to a dollar and thought I would take up the offer after all to average down.
    This was on the basis of trust things may turn around and confidence in the enormous infrastructure boom currently taking place and the fact RCR is well positioned in many ways to be an asset to those wishing to consolidate their positions and dominate the market ...
    Hope you are ‘moved on’ in profit of some kind.
    Cheers
    Last edited by sabine: 07/09/18
 
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